Wheat slides as Putin cites chance of Ukraine peace deal
U.S. and European wheat futures tumbled on Thursday after Russian President Vladimir Putin said there was a chance of a peace agreement to end the war in Ukraine. Traders pointed to profit-taking following a steep month-long rally.
U.S. and European wheat futures fell sharply on Thursday, pulling back from multi-year highs after Russian President Vladimir Putin said there was a chance of a peace agreement to end the war in Ukraine. Traders said the comments prompted profit-taking after a steep rally over the past month that had been linked to the conflict.